TDI Commissioner's Bulletin B-140

Affirmative insurance request new jersey savings and loans mortgages

Year: 1973Length: 135 wordsOfficial source
Home Bulletins bulletins – 1995 B-140 BULLETIN NO. 140 March 29, 1973 To:   ALL TITLE INSURANCE COMPANIES LICENSED TO DO BUSINESS IN THE STATE OF TEXAS, AND ALL AGENTS THEREOF Re:   AFFIRMATIVE INSURANCE REQUEST NEW JERSEY SAVINGS AND LOANS MORTGAGES We have been asked if it is permissible for a Texas Title Insurer or its Agent to make the following certification: "This policy insures that the mortgage set forth herein is a valid first mortgage lien on the above mentioned premises in accordance with the definition contained in N.J.S.A. 17:12B-11 of the Savings and Loan Act." We are of the opinion that it is not permissible for a Texas Title Insurer or its Agent to provide this certification. /s/ Ira M. Goodrich IRA M. GOODRICH Director of Title Insurance IMG:vl For more information, contact: ChiefClerk@tdi.texas.gov
TDI Commissioner's Bulletin B-140: Affirmative insurance request new jersey savings and loans mortgages | Justis AI